Buy Now Pay Later Sites in 2014


Buy now pay later sites and catalogs are common in 2014, but these stores are often found under different names. Some companies market their programs as Choose and Charge or Bill Me Later online.

Although the moniker may be different, the plans are similar: Purchase an item today and setup a payment plan to pay the balance later.

To help you, I have compiled a list of different retailers who offer these programs. Although my list is not comprehensive and will be added to when I find more of these websites and stores, you will find many options here — literally, 100s of different retailers.

Bill Me Later

Bill Me Later offers the largest network of retailers. Currently, they have more than 500 stores that offer products that span every interest. I have them listed by category in the first three columns. The last column contains helpful articles about credit and money.

Apparel & Accessories
Home and garden
Flowers and gifts
Christmas Help
Health and cosmetics
Sports & Outdoor
Electronics
BNPL archives
Shoes & Bags
Books and magazines
Music equipment
Cash
Airlines
Jewelry and watches
Tools and auto parts dealers
Credit help

Choose and charge

Choose and charge does not have a very large network of retailers, which means less selection when it comes to shopping. However, that should not stop you from using them. Stores include the following:

buy now pay later sites

Whether shopping online or in a local store, you have payment options. Photo Credit: Photocapy via Compfight cc

• Country Door
Ginny’s
• Grandpointe
• Fingerhut
• Mason
• Midnight Velvet
• Monroe & Main
• Montgomery Ward
• Seventh Avenue
• Swiss Colony
• Tender Filet

UK websites

If you are in the UK, you may find many different retailers offering these programs. Ones that I’m familiar with and have written about include the following: ArgosCurrys, and Very.

Tips for using deferred billing programs

Although deferred billing, choose and charge, buy now pay later catalogs, or Bill Me Later offer the same principal, one difference between them is in the amount of interest you will pay.


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Certain retailers will offer 6 months no interest if you pay the balance off in full before 180th day. Others stores will charge you interest from the start.

Many factors, such as bad credit or no credit history, come into play when determining interest and your credit limit.

Buy Now Pay Later Sites

Who said online shopping was only for the birds? Photo Credit: Jesse757 via Compfight cc

Also, please keep in mind that if you have a low credit score and are trying to build your credit, consider using getting a secured credit card.

Here’s why: Most, but not all, buy now pay later sites only report to the credit bureaus when you miss a payment. They will not report your good, on-time payments.

If the on-time payments are not reported, you have no chance of raising, for instance, a 550 credit score. The best option is a secured credit card. I recommend reading the terms and conditions of the offer you are choosing before you apply. I also suggest researching the offer and trying to find out as much info as possible — even anecdotes such as, “I read online that John got that card with a 630 credit score or Sally got a loan with a 660 credit score“.

Also, if you are struggling with your bills, saying “I need money now so I can shop,” you are better saving your money and trying to build your credit score.

‘What’s my credit score?’

A FICO credit score is based on information provided by the three credit reporting agencies, which are Equifax, Experian, and TransUnion.

Each agency provides a snapshot of your credit risk and the FICO score compiles that data and present a numerical value for you.

The value was established by the Fair Isaac and Company (FICO) using thousands of credit reports and it estimates your credit risk.

The scores range in value from 300-850. The higher your number the less of a risk you are to lend to.

A FICO credit score is based on information provided by the three credit reporting agencies, which are Equifax, Experian, and TransUnion.

Each agency provides a snapshot of your credit risk and the FICO score compiles that data and present a numerical value for you.

The value was established by the Fair Isaac and Company (FICO) using thousands of credit reports and it estimates your credit risk.

The scores range in value from 300-850. The higher your number the less of a risk you are to lend to.

These values help lenders make a responsible decision about lending, and there is no minimum cut-off score when it comes to getting a loan.

However, the lower your score the more you will want to raise it. A low score indicates you are a risk, and you will be charged high interest.

Sample credit score chart

Excellent

Very good

Average

Not good

Bad

850-775 774-685 684-615 614-515 515-350

These values help lenders make a responsible decision about lending, and there is no minimum cut-off score when it comes to getting a loan.

However, the lower your score the more you will want to raise it. A low score indicates you are a risk, and you will be charged high interest.

‘What makes up my credit score?’

The FICO score breaks down into 5 categories. Those include payment history, amounts owed, length of credit, new credit, and types of credit used.

Payment history: 35 percent of your score is based on your payment history. This accounts if you pay on time, pay late, or just don’t pay at all.

Amounts owed: 30 percent is based on how much you owe. A high amount of debt owed is not always bad. This percentage takes into account all credit, such as charge cards.

Length of credit history: 15 percent of your credit score is based on how long you have had credit.

Types of credit in use: 10 percent is based on they type of cards you are using, such as credit cards, mortgage loans, installment loans, etc.

New credit: 10 percent is based on how many new credit cards or loans you are trying to get. If you don’t a any credit history, you do want to binge and start applying for credit cards. This will look bad.

I hope this information and the lists of buy now pay later sites help you in your shopping!



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